Xperi Co. (XPER) Sees Large Growth in Short Interest

Xperi Co. (NASDAQ:XPER) was the recipient of a significant increase in short interest in December. As of December 29th, there was short interest totalling 5,521,347 shares, an increase of 20.7% from the December 15th total of 4,572,904 shares. Based on an average trading volume of 741,004 shares, the days-to-cover ratio is presently 7.5 days. Approximately 11.4% of the company’s stock are short sold.

Shares of Xperi (NASDAQ:XPER) opened at $22.90 on Friday. The company has a market capitalization of $1,130.00, a P/E ratio of -15.79 and a beta of 0.73. Xperi has a 52-week low of $16.70 and a 52-week high of $45.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.15 and a quick ratio of 3.15.

Xperi (NASDAQ:XPER) last issued its earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $88.50 million during the quarter, compared to analysts’ expectations of $94.20 million. Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The company’s quarterly revenue was up 41.8% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.49%. Xperi’s dividend payout ratio is currently -55.17%.

A number of equities research analysts recently commented on the company. BidaskClub lowered Xperi from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America lowered Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 28th.

In other news, CEO Jon Kirchner bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $18.75 per share, for a total transaction of $93,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Andrew Riedel bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average price of $19.58 per share, for a total transaction of $58,740.00. Following the transaction, the director now owns 24,527 shares of the company’s stock, valued at $480,238.66. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 21,388 shares of company stock worth $400,127. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of XPER. Flinton Capital Management LLC boosted its position in Xperi by 65.1% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 1,904 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Xperi by 68.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 1,997 shares in the last quarter. Pinebridge Investments L.P. boosted its position in Xperi by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock worth $194,000 after purchasing an additional 116 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in Xperi in the 2nd quarter worth approximately $276,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Xperi in the 2nd quarter worth approximately $319,000. Hedge funds and other institutional investors own 99.63% of the company’s stock.

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Xperi Company Profile

Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.

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